Wearables Transactions To Skyrocket Over Next Five Years

MOBILE ID WORLD - Jul 27 - Market research firm Tractica is predicting a huge boom in mobile payments via wearable devices. In a new report, the firm predicts that transaction volumes will grow from $3.1B this year to $501.1B by the year 2020 when wearable transactions will account for about a fifth of all mobile transactions, and 1% of all cashless payments in retail.